Matthew McConaughey Welcomes Baby No. 3

Matthew McConaughey and his wife Camila Alves have another reason to celebrate this holiday season -- they welcomed a new baby into the family!

A source tells ET the Magic Mike star was present for the baby's birth Friday at a hospital in Austin, TX. Specific details were not immediately available.

RELATED: Matthew McConaughey Wedding Details!

McConaughey proposed to his 30-year-old Brazilian model/handbag designer girlfriend on Christmas Day 2011, and they got married during a ceremony in Texas last June.

The couple began dating in 2006 and have two other children together, daughter Vida, who is almost three, and four-year old Levi.

RELATED: Matthew McConaughey Weighs In On His Dramatic Weight Loss

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